National Republican., 1887-10-07
THE CHINESE CONCESSIONS.
Wharton Barker Says They Cannot BE
withdrawn.

PHILADELPHIA, Oct. 6.--Regarding the
report that the Viceroy Ii Hung Chang
had withdrawn from his reported arrange
ment made with the Wharton Barker syndi-
cate, Mr.. Barker said to-day that he knew
nothing OF II. He had written TO the De.
partment OF State at Washington asking
whether the Chinese government had no
titled the United States Of the termination
OF the negotiations, but he had not yet re
cceived an answer from Secretary Bayard
He said IL was not likely that China would
back out at this stage OF the proceedings.
Mr.. Barker authorized the publication OF
the following statement:
The imperial Chinese conseseions for the
Chinese-American Bank and for the tele-
phone were placed in my hands imme1t'
ately on the arrival here OF Mr.. s. z. NJ
Kietcbang, the special imperial envoy sent
to America to discuss and to complete the
business in detail.
These concessions having been accepted
at that time, and having not only the sig
nature and seal OF Viceroy ii Hung Chang
as prime minister Of China, but also the
signatures of three other Chinese officials,
the Chinese government cannot recede
from the position taken July 90 and July
20, 1887, without giving me and my ascot.
ates cause for indemnity for loss that would
follow non-fulfllment OF these contracts.
The public had better know that these
concessions grant a perpetual charter for a
Chinese aud American bank, with capital
OF 25, 100000 Shanghai taels, with power to
increase that capital to 1000, 900 taels with
out further grant from the Chinese govern
ment. The bank, in addition to the usual
functions OF a bank, has the right to coin
and issue gold and silver money, the gov
ernment very properly retaining the right
to fix size, weight, and standard. The proiit
on this branch Of the business Is to be di
vided into two equal parts, one to go to the
government and one to the bank.
The bank has the right to issue paper
money to the amount OF the capital, the
government having the same couutersigued
by controller.
The bank hos the right 20 undertake the
buildings of railroads and other public
works that may be authorized by the
Cbinesc government.
In addition to profit In building the
railroads and other public works, the bank
would have very substantial permanent
interest in them all.
As the bank would have both Chinese
and American stockholders, 1t Is believed
that the public and private deposits would
be very large The branches or agencies
In the Chinese cities beyond the treaty
ports would be wholly under the manage
ment Of Chinese individuals.
The opposition to this enterprise had It's
center In England and Germany, and from
the time II was known that the prime min
lister had granted on behalf OF the imperial
government the representatives of those
nations, political and commercial, have
brought every possibly adverse pressure
upon the Chinese government at Pekin.
Mr.. S.P. Ma Kietchang sent a cable to China
last evening, In which he said that having
completed the negotiations he could not
undo what he had done. ltshould be clearly
understood that Mr.. Ma Kietcbang has re-
than to complete the negotiations with all
POSSIBLE dispatch.
Count Mitkiewicz had been simply a ne
gotiator In this undertaking. Mr. Simon
A. Stern, OF this city, was my immediate
and responsible representative In China.
and as Mr.. Stern alone signed papers for
me, these facts were well known In China.
The concessions are to me, and with me
and the gentlemen who are my associates
rests the whole business
Should there be any truth IN the reports
| published In London and New York yester-
| day, and my associates expect, and will
| demand, the support OF the government of
the United States"
WHAT TIE COUNT SAYS.
New YORK, Oct. 6.-The announcement
| that the privileges granted by the Chinese
| government TO Count Mitkiewlcz and an
American syndicate had been recinded by
command Of the empress did not destroy
the composure Of the count. He said that
the contracts had been legally executed
and that they were In his possession, He
did not fear that such action as rumored
would be taken, as the Chinese government
realizes the immense good the execution o.
| his plans would do.
Vice Consul Lew Yuk Lin said "Neithe
the Chinese minister, consul, nor have re
ceived and such notification, nor had til,
count or the syndicate. The dispatch IL
false beyond doubt, as we would have bee,
notified had any such step been taken
My country would lose too much, Yot
will be safe In saying that the plans Of th,
| count will be carried outn